Parks Infrastructure:
a.) Utilities: Electric and Water are connected to each lot, water supply is private well. The well has a new pump, new electrical box, new points, all just put in about 3 to 4 months ago. In the past seller has added an extra fee of $25-30 for water.
•Septic System, very well maintained: Lot 1 (new septic tank and drainfield a year ago), Lot 7 (new septic and drainfield 3 to 4 years ago), Lot 9 (new drain field 3 to 4 years ago), Lot 29 (new septic and drainfield 8 years ago), Lot 11 (new drain field put in last week), 19, 26, 27, and 4's septic pumped-out, 26 and 27, need a new drainfield, those homes share a septic.
•Electric Boxes: All the homes that carried fuse boxes upgraded to breaker boxes. Some of the homes that had breaker boxes were also upgraded.
b.) Roads: Private-Paved Roads, minimal/if any maintenance required, MH Park sign at entrance of Park.

Rent $10,665 month (current occupancy/ max $14k)/ $127,980 year (max $168k)
Expenses: 2013 2014 2015
Cleaning & Maintenance $11,800 $378 $100
Commissions (Park Management) $2,589 $0 $12,990
Insurance $420 $424 $367
Taxes $16,121 $10,696 $15,111
Utilities $8,623 $9,479 $7,581
Total: $39,553 $20,977 $36,149

Park Operations & Management:
a.) Park is managed by husband & wife team. The husband (Richard) is responsible for all operations such as maintenance and repairs. Richard’s wife Laura manages the park from the office, collecting and accounting for park rent and tenant communications.
•As park managers, Laura and Richard are at the park Monday thru Friday 8am-11am and 1pm-4pm.
•Rent is collected the first of the month. Late Rent results first in late fees then promptly with an eviction if made a routine of late payments.
•Tenants are typically sticky to their properties, resulting in the tenants not being mobile - under 1% leaving every year. New customer acquisition is almost non-existent. However Laura maintains a waiting list from leads generated from signage or free web advertisements.
Demographic/Economic Info:
•Median Housing Prices: Lake City $92,000 Columbia County $84,000
•Apartment Rental Prices: Two Bedroom $781-$957 per/mo
•Household Income vs Housing Vacancy: Lake City $33,571 vs Housing Vacancy 18.33%
•Nearest Super Walmart is 2.5 miles away from park. 2767 W US Highway 90, Lake City, FL, 32055